Press release
Organic Functional Dyes Market 2022 Report Examines Latest Trends and Key Drivers Supporting Regional Outlook 2027 | BASF, Clariant, Connect Chemical, Heubach Gmbh, Kiri
The global organic functional dyes market was valued at USD 1,936 Mn in 2021 and is estimated to record a revenue of US$ 3,214.0 Mn by the end of the year 2027. In terms of value and volume, the global organic functional dyes market size records a sustainable growth at a compounded annual growth rate (CAGR) of 8.8% and 8.0% respectively.
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According to a 2019 estimate from the International Council of Chemical Associations, the chemicals industry is one of the largest in the world, contributing US$ 5.7 trillion to global GDP and supporting nearly 120 million employments. In order to reduce the negative environmental impact of chemical manufacture, chemical industries are progressively embracing sustainable and eco-friendly procedures.
Chemical companies are using an eco-friendly alternative such as using carbon dioxide from the atmosphere to make fuels, industrial products, and other chemicals. Technological advancements and the development of chemical sciences are playing a major role in this transition in the industry.
Impact Analysis of COVID-19
Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.
Regional Insights
By Type:
Chromic Dyes
Photochromic
Piezo chromic
Electrochromic
Others
Leuco Dyes
Fluorescent Dyes
Phosphorescent Dyes
Others
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By External Energy:
Heat
Light
Electric Field
Pressure
Chromophore
Other
By Application:
Textile
Medical Textile
Non-Medical (Smart) Textiles
3D-Display
Electrophotography
Thermal and Ink-Jet Printing
Optical Data Storage
LCDs
OLEDs
OFETs
Energy Conversion
Robotics
Electronic Sensors
pH Sensors
Gas Sensors
Optical & Chemical Sensors
Molecular Scale Logic Devices
Photodynamic Therapy
Medical Diagnosis
Functional Lens
Imaging
Packaging
Thermo Regulation (Brand Forgery)
Surface Disinfectant (antimicrobial)
UV Protection Dye
Moth/ Mosquito Repellant Dyes
By Region:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
South Korea
Rest of Asia Pacific
Rest of the World
Middle East & Africa
South Africa
Key Players Insights
BASF, Clariant, Connect Chemical, Heubach Gmbh, Kiri Industries are some of the key players in the global organic functional dyes market.
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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